GMRgold Blog

The gold standard is one of the most discussed topics. Powered by banks, gold fund managers, and the general public, it developed due to the continuous increase in the price of gold, which allowed everyone to buy more gold to preserve the value of their wealth over a considerably large period. Central banks, who were gold sellers, shifted towards buying it. Countries with stable economies restrained themselves from selling it, and countries with a surplus converted all that surplus to gold....

Countries all over the world are in a phase of an unspoken race: a race to buy as much gold as they can in order to defend and back up their currency. It seems that the USA is leading this race, but if we have a micro look at the numbers, we?ll realize that Switzerland tops the list. From a per person point of view, the USA stands at the ninth position, surprisingly below countries like Lebanon and Portugal. This is because the majority of the gold reserves of the USA are held by the...

If you are into gold coins, you would probably already be aware of the oddly shaped Augustus Humbert $50 gold coins. These are one of the most expensive coins available on the market. They sold for 290,000 US Dollars in 2011 due to their distinct shape, as they are octagonal (eight-sided). Originally they were supposed to be used by minors and were called 'ingots' due to their heavyweight and face value of 50 US Dollars. With the passage of time, they gained more popularity by the name of...

The continuously increasing prices of gold have caught the financial world off guard and thrown it into a complete shock. Financial experts, who at one time suggested investors stay away from gold, are now advising people to buy as much gold as they can, using paper money. This has aggravated to a point where Robin Griffiths, a strategist at Cazenove Capital, termed not buying gold as 'an insanity' as every currency in the world depreciates over time. But, the price of gold seems oblivion...

Gold coin collecting has become a popular hobby in recent times; however, history shows that gold coins of various types have existed in the world before they were even popular. One such gold coin is the "Gold Sovereign Coin", dating back to the 15th century under the rule of King Henry VII, in London. Due to how rare and ancient these coins are, their values stand in the thousands. What are Gold Sovereign Coins? Gold sovereign coins, popularly known as "the sovereign", is a gold coin...